Acme Packet sees profit below Wall St. forecast

Acme Packet Inc. today said that it expects to report second-quarter earnings below Wall Street estimates as some customers delayed contracts.

The Burlington-based maker of security products for computer transactions expects earnings between $200,000 and $1.2 million, or less than 1 cent per share and 2 cents per share.

Adjusted to exclude certain items, the result is expected between $1.5 million and $2.5 million, or 2 cents to 4 cents per share.

It anticipates revenue of $24.5 million and $25.5 million.

Analysts, whose estimates typically exclude items, have an average estimate for profit of 9 cents per share on revenue of $34 million, according to Thomson Financial.

Chief Executive Andy Ory said some transactions did not close on schedule, but did not provide a reason. He said the company does not think the business was lost, only delayed.

Acme said some shipments made in the final days of the quarter could not be recorded as revenue in the period.

Ory said the company is "not prepared to comment" on its full-year outlook. (AP)